The Hindu Business Line : Saturday, January 20, 2007

Forex reserves up $841 m
The foreign exchange reserves rose by $ 841 million to $ 177.426 billion for the week ended January 12, because of an increase in foreign currency assets. The forex kitty had seen a dip of $ 666 million in the previous week, which had closed ... More

Rupee gains marginally
Heavy selling of dollars by exporters strengthened the rupee by almost four paise on Friday. Dealers said there could have been RBI intervention in the market as nationalised banks were selling dollars. The currency opened at ... More

FINANCIAL PERFORMANCE
IDFC Q3 net up by 29% at Rs 115.5 crore
The buoyant infrastructure sector pushed up the net profit of Infrastructure Development Finance Company Ltd (IDFC) in the third quarter of the current fiscal by about 29 per cent to touch Rs 115.5 crore compared with Rs 89.40 crore posted during ... More

ING Vysya net surges 195 pc
ING Vysya Bank reported a 195 per cent increase in net profit for the third quarter of this financial year. The bank statement said during the third quarter of the financial year 2007 profits were Rs 14.33 crore up from Rs 4.86 crore in the ... More

Dena Bank Q3 net dips on NPA provisioning
Dena Bank's net profit dropped by around 15 per cent to Rs 70.53 crore in the quarter ended December 31, 2006, against Rs 83.18 crore in the corresponding year-ago period, due to higher provisions for non-performing assets. "We could have shown ... More

HUMAN RESOURCES
RBI to assess urban co-ops' staff, tech needs
The Reserve Bank of India would assess the training and computerisation needs of the multi-State urban co-operative banks to upgrade their human resources skills and technological infrastructure so that they improve their operational efficiency ... More

RBI & OTHER CENTRAL BANKS
Hooghly to come under 100 pc financial inclusion
For Hooghly, full financial inclusion is knocking at the door. The district has been identified for a 100 per cent financial inclusion project, which — when completed — will make it the first such case in West Bengal. Hooghly, which ... More

PRIVATE BANKS
Kotak Mahindra Bank launches gold coins
Actor and danseuse Shobhana launched the newly introduced gold coins of the Kotak Mahindra Bank - the 24-carat Gold Eternity Swiss made gold coins - in the Kerala market here today. Addressing a press meet, Mr K.V.S. ... More

South Indian wants more branches
Thrissur-based South Indian Bank has applied for licence to open 25 branches and 61 ATMs during fiscal 2007-08, according to Dr V.A. Joseph, Chairman and CEO. These will be spread out across the States of Kerala, Karnataka, Tamil ... More

FINANCIAL INSTITUTIONS
Exim Bank's silver jubilee meet
Export-Import Bank of India, which is celebrating its silver jubilee this year, is planning to hold a series of knowledge-sharing events, including topical seminars, lectures and publications. As part of the celebration, the Exim Bank in ... More

GOVT BONDS
Bond prices end higher
Bond prices rose by around over 20 paise on speculation that the government auction may be cancelled or the scheduled amount reduced. Total traded volumes on the order matching system were Rs 1,450 crore (Rs 1,395 crore). Dealers ... More

CREDIT MARKET
Gross bank credit up Rs 23,800 cr
Gross bank credit increased by Rs 23,800 crore and stood at Rs 17,57,479 crore for the fortnight ended January 5, according to Reserve Bank of India's Weekly Statistical Supplement. The gross bank credit was inclusive of food credit, which rose ... More

Instant loans from HDFC Bank
HDFC Bank has launched a service called `Instant Loan' to offer spot approval for personal loans to the existing customers. "In the first phase, the programme is being offered in Mumbai, Delhi, Bangalore and Chennai and will soon ... More

SHORT TERM INSTRUMENTS
Call rates tad lower
Call rates ruled at 7.7-7.9 per cent against Thursday's close of 7.9-8 per cent. In the first three-day reverse-repo auction under LAF, the RBI received and accepted three bids for Rs 190 crore and in the first three-day repo ... More

CREDIT CARDS & DEBIT CARDS
Credit card for children
ICICI Bank has tied-up with Kidzee, Zee Network's Education group, to launch a co-branded credit card that offers special discounts appealing to children. Kidzee with a chain of over 500 pre-schools will offer the card to the ... More

ALLIANCES & JOINT VENTURES
IDBI, KfW tie up for carbon credit trading
Wide range of services for `clean development' projects More

PEOPLE
Tesco HSC appointment
Mr Amit Soni has been appointed as the Head of Financial Services of Tesco Hindustan Service Centre (HSC), the global services arm of retailer Tesco, according to a press release. Mr Soni is a chartered accountant with over 18 ... More

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